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Give Sprint a Second Chance

Sprint Nextel Corporation
(NYSE:
S
) -- This leading wireless service provider was in a bear market
from 2006 to 2008, falling from over $24 to under $2.

I began recommending Sprint early this year at $3.25. But on May
25, at $5.29, we zigged when we should have zagged, when I said,
"Despite heavy selling in the broad market, Sprint broke from a
triple-top on very heavy volume. Our trading target is raised to
$6, but a run to $10 by year-end is possible."

The pullback in S is not unusual following a big breakout, so
accumulating the stock now and down to $3.80 may still turn out to
be a great investment.

We'll stick with the former targets. S&P rates the stock a
"four-star buy" and recently increased its 12-month target to $6
from $5.

If you have questions or comments for Sam Collins, please
e-mail him at
samailc@cox.net
.

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